Emerson Electric Co. (NYSE:EMR) Position Boosted by Sarasin & Partners LLP

Sarasin & Partners LLP grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 120.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,766,230 shares of the industrial products company’s stock after acquiring an additional 965,731 shares during the quarter. Emerson Electric comprises approximately 2.4% of Sarasin & Partners LLP’s holdings, making the stock its 16th largest position. Sarasin & Partners LLP owned approximately 0.31% of Emerson Electric worth $218,889,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EMR. Grove Bank & Trust grew its position in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Emerson Electric by 0.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock valued at $2,016,000 after acquiring an additional 97 shares in the last quarter. Sandbox Financial Partners LLC raised its holdings in Emerson Electric by 5.3% during the fourth quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 97 shares in the last quarter. Unison Advisors LLC lifted its position in Emerson Electric by 0.5% in the third quarter. Unison Advisors LLC now owns 21,115 shares of the industrial products company’s stock worth $2,309,000 after purchasing an additional 99 shares during the period. Finally, Wedmont Private Capital boosted its stake in Emerson Electric by 2.0% during the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 99 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Finally, KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Emerson Electric Stock Up 1.1 %

Shares of Emerson Electric stock opened at $124.65 on Monday. The stock has a 50-day simple moving average of $127.05 and a 200-day simple moving average of $115.27. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.69%. Emerson Electric’s dividend payout ratio is 61.70%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.